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Alio Gold Inc. T.ALO

"Alio Gold Inc is a gold mining company. It is engaged in exploration, development and production in Mexico. Its projects include San Francisco mine in Sonora, Mexico and the development stage Ana Paula project in Guerrero, Mexico."


TSX:ALO - Post by User

Post by auburn2on Aug 13, 2018 2:39pm
256 Views
Post# 28451428

Don't get swayed by the sentiment

Don't get swayed by the sentiment
This selling is driven by one seller whose pants were on fire to get rid of almost 800K shares ASAP. BBS was there to buy up most of what was being sold, but WHO decides they need to dump 800K shares in a single day? Expect a reversal of this trend later in the week as that seller seems to be all out of shares and the next largest seller had only a relatively paltry amount to sell.

Remember that they have over 100,000 ounces hedged at $1277 gold in addition some other ounces with a $1250 bottom.
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